Advanced Enzyme Technologies Q2 net profit at Rs. 224mn

 

Advanced Enzyme Technologies Limited, a leading specialty biotech company, with global leadership in the manufacturing of enzymes, announced unaudited financial results for second quarter ended September 2017.

Financial Highlights – Q2FY18 vs Q2FY17:
Consolidated Q2FY18 Sales (net of excise duty) up 9% YoY to INR 986 mn against Rs. 904 mn in Q2FY17

Consolidated EBITDA for Q2FY18 stands at Rs. 414 mn against Rs. 487 mn in Q2FY17, down 15%

Consolidated EBITDA Margin for Q2FY18 stands at 42% as against 52% in Q2FY17

Consolidated Q2FY18 Net Profit down 23% at Rs. 224 mn against Rs. 291 in Q2FY17

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com